...Cramer said he got the sense that Silicon Valley thinks crypto is a con and its promoters have taken an awful lot of money from unsuspecting investors.... The thing where most get it wrong is not that crypto is a con, but its valuation is a con. Same for NFTs. BTC is a decent idea, blockchain is fantastic idea, but fake money aka stable coins like Tether is poison. This is the world biggest con that ever existed.
Cramer and most of the CNBC crowd is simply bullish anything that is going up and bearish anything that is going down. They will have you buying tops and selling bottoms.
Just preaching to sheeple. Is it any wonder The Apprentice was (is still?) on CNBC? We might have been better off if Cramsky ran instead.
Disagree one if not the largest fraud in human history. 70 billion of USDT is nothing compared to fake crypto world valuation it helped to create.
Jim Cramer Turns Bearish on Crypto. Is That Bullish? While Cramer says he did not want to make a joke of the meltdown, Crypto Twitter had no problem making a joke of Cramer’s takes. Cramer’s mixed record on financial analysis recently prompted the emergence of the “Inverse Cramer ETF,” a fictional Exchange-Traded Fund that recommends the opposite of anything Cramer says. Solana co-founder Anatoly Yakovenko predicted yesterday that Cramer’s view would turn bearish. "A major fund must also close and Cramer will utter a bearish crypto prose," he tweeted. Almost on cue, the “Mad Money” host and popular meme target soon said that he is getting a pessimistic view of crypto. https://decrypt.co/102828/jim-cramer-turns-bearish-on-crypto-is-that-bullish
Cramer, and all social/public personalities, ...it doesn't matter if you're right or wrong, full of stuff or not....you just have to be polarizing and charismatic. To entertain the, rather, brain dead, sheep zombie masses out there. Look at the, real, successful traders in history and modern life...they are all boring, rather incredibly boring people. George Soros, Ray Dalio, Dan Zanger, Japanese trader BNF, Jesse Livermore, Steve Cohen, Nick Leeson, etc etc.... ....all of these boring people would fail on social media to generate a huge following, despite their meteoric successes.